Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let to Greggs, one of the UKs most successful and recognisable High Street brands.
Arranged across ground floor and basement, the property is fully let to Greggs Plc on a five year lease expiring 10/06/2026 and paying £24,500 per annum. The tenant did not serve their 2024 break option displaying confidence in the location.
The property occupies a prime pitch on Upper Parliament Street, one of the principal retail streets in Nottingham Town Centre. The area is characterised by a a number of national an boutique occupiers including McDonalds, Sainsburys, KFC and Wagamama. The Victoria Centre is opposite the property which is anchored by John Lewis and House of Fraser.
Tenure
Long Leasehold - 999 Year Lease at Peppercorn Rent - Please Consult the Legal Pack
Accommodation
Tenancy
The property is let to Greggs Plc on a five year lease expiring 10/06/2026 and paying £24,500 per annum. The tenant did not serve their 2024 break option displaying confidence in the location.
Greggs Plc
Rent
Notes
We understand the property is elected for VAT. It is anticipated the sale can be treated as a Transfer of a Going Concern (TOGC).